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Chile Indefinitely Postpones Plans for Corporate Tax Cut but Moves Forward on Other Tax Plans to Support Smaller Companies and Tourism

24 April 2025

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Proposed Changes

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Chile

Chile's Ministry of Finance has issued a release on the first meeting of the High-Level Council for the Strategic Response to International Economic and Financial Policy, led by President Gabriel Boric. The release notes that it has been decided to indefinitely postpone income tax reform plans that included a potential reduction in the First Category (corporate) Tax rate by 2 to 3 percentage points, which would be offset by increased taxes on higher-income individuals. However, the government does plan to move forward on certain other reforms, including tax support for smaller companies and various measures for the tourism sector such...